Search Results - subject:"price informativeness"

Insiders' incentives for asymmetric disclosure and firm-specific information flows

Jiang, Li; Kim, Jeong-bon; Pang, Lei - In: Journal of banking & finance 37 (2013) 9, pp. 3562-3576

Persistent link: https://www.econbiz.de/10010126320

Social networks, information acquisition, and asset prices

Han, Bing; Yang, Liyan - In: Management science : journal of the Institute for … 59 (2013) 6, pp. 1444-1457

Persistent link: https://www.econbiz.de/10009777016

Overconfidence and endogenous information acquisition

Liang, Tian - In: China Finance Review International 3 (2013) February, pp. 5-25

Purpose – The purpose of this paper is to examine the implications of overconfidence for information acquisition and market efficiency. Design/methodology/approach – The paper studies a model of a competitive market with both overconfident and rational traders endogenously acquiring costly...

Persistent link: https://www.econbiz.de/10010610514

Information content of credit ratings in pricing of future earnings

Chou, Ting-Kai - In: Review of Quantitative Finance and Accounting 40 (2013) 2, pp. 217-250

This paper examines whether credit ratings convey information about the firm’s future earnings to the capital markets. Using the future earnings response coefficient methodology, we find that the current stock returns of rated firms reflect more future earnings than do the stock returns of...

Persistent link: https://www.econbiz.de/10010867718

US cross-listing and corporate disclosure policy

Charest, Guy; Cosset, Jean-Claude; Marhfor, Ahmed; … - In: Journal of Multinational Financial Management 23 (2013) 1, pp. 97-112

We investigate whether cross-listing in the US contributes to impound more earnings information into stock prices. Our results indicate that US exchange cross-listings are not associated with more future earnings news reflected in current prices, in accord with the view that such mechanism does...

Persistent link: https://www.econbiz.de/10010636093

Overconfidence and endogenous information acquisition

Liang, Tian - In: China Finance Review International 3 (2013) 1, pp. 5-25

Persistent link: https://www.econbiz.de/10014694483

Large foreign ownership and stock price informativeness around the world

He, Wen; Li, Donghui; Shen, Jianfeng; Zhang, Bohui - In: Journal of International Money and Finance 36 (2013) C, pp. 211-230

40 markets. We show that LFO is positively related to price informativeness, measured by probability of informed trading … that the effect of LFO on price informativeness is stronger in developed economies and markets with strong investor …

Persistent link: https://www.econbiz.de/10010678996

Insiders’ incentives for asymmetric disclosure and firm-specific information flows

Jiang, Li; Kim, Jeong-Bon; Pang, Lei - In: Journal of Banking & Finance 37 (2013) 9, pp. 3562-3576

Recent research suggests that insiders’ incentives for capturing cash flows affect price formation process in which insiders are inclined to withhold good news and to accelerate the release of bad news (Jin and Myers, 2006). We investigate whether insiders’ incentives for private control...

Persistent link: https://www.econbiz.de/10010682606

Fund ownership and stock price informativeness of Chinese listed firms

Ding, Rong; Hou, Wenxuan; Kuo, Jing-Ming; Lee, Edward - In: Journal of Multinational Financial Management 23 (2013) 3, pp. 166-185

We examine the impact of mutual fund ownership on stock price informativeness in China. Existing evidence shows that … stock price informativeness is low in China, and attributes this to firms’ lack of disclosure incentives under the weak … investors for capital. Indeed, we find that mutual fund ownership is positively related to share price informativeness, but this …

Persistent link: https://www.econbiz.de/10010664199

Overconfidence and Market Efficiency with Heterogeneous Agents

Garcia, Diego; Sangiorgi, Francesco; Urosevic, Branko - Collegio Carlo Alberto, Università degli Studi di Torino - 2005

their welfare. Intuitively, as overconfidence goes up, so does price informativeness, which makes rational agents cut their …

Persistent link: https://www.econbiz.de/10005405543